Restructuring Activities

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring Activities

9. Restructuring Activities

The Company's restructuring charges by segment were as follows:

	Three Months Ended March 31,
	2025		2024
Engineered Products	$	2,468	$	492
Clean Energy & Fueling	1,768		4,965
Imaging & Identification	169		760
Pumps & Process Solutions	1,945		1,351
Climate & Sustainability Technologies	1,666		11,070
Corporate	294		17
Total	$	8,310	$	18,655
These amounts are classified in the condensed consolidated statements of earnings as follows:
Cost of goods and services	$	4,320	$	13,923
Selling, general and administrative expenses	3,990		4,732
Total	$	8,310	$	18,655

The restructuring expenses of $8,310 incurred during the three months ended March 31, 2025 were primarily related to headcount reductions and exit costs across the segments. These restructuring programs were initiated in 2024 and 2025 and the Company will continue to make proactive adjustments to its cost structure to align with current demand trends.

The Company’s severance and exit accrual activities were as follows:

	Severance		Exit		Total
Balance at January 1, 2025	$	13,544	$	5,891	$	19,435
Restructuring charges	6,389		1,921		8,310
Payments	(7,224)		(2,102)		(9,326)
Other, including foreign currency translation	1,117		(143)		974
Balance at March 31, 2025	$	13,826	$	5,567	$	19,393